Form 4: Aspen Technology CFO David John Baker Receives Stock Units

David John Baker, SVP and CFO of Aspen Technology, Inc., reports the acquisition of 2,076 restricted stock units.

Summary

• David John Baker, the SVP and CFO of Aspen Technology, Inc., has reported a transaction involving the acquisition of 2,076 shares of common stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on June 17, 2024.
• These RSUs were granted to Mr. Baker at no cost.
• The RSUs vest in 12 equal consecutive quarterly installments starting September 30, 2024.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management with shareholder interests.

Positives

• The grant of RSUs to the CFO aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The RSUs vest in 12 equal quarterly installments, suggesting a long-term incentive plan for the executive.

Industry Context

Grants of restricted stock units are a common form of executive compensation in the technology industry, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonus, and equity-based compensation.
• Companies like Oracle, SAP, and Microsoft also use RSUs as part of their executive compensation plans.
• The vesting schedule of the RSUs is typical for such grants, encouraging long-term performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the CFO to focus on long-term value creation.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Key Dates